Mehabe score: 6 G Factor: 4 Piotski Score: 8 The stock has a rating . The mehabe team score is reflective of its fundamental and technical merits. A rating above 8 is considered good buy. The stock has a G-Factor of 4 and Piotski score of 8.
Description
Sanrhea Technical Textile is engaged in the manufacturing of Industrial Fabrics like Conveyor Belting fabrics, Chafer fabrics for Tyres, Diaphragm fabrics for Auto industries, Liners etc. The company caters to both domestic and international markets.Site:514280Main Symbol:SANTETX
Stock trades at 94.1, above its 50dma 51.48. It also trades above its 200dma 30.71. The stock remains bullish on techicals
The 52 week high is at 94.15 and the 52week low is at 7.99
Price Chart
P/E Chart
Sales and Margin
Strengths
– is expected to give good quarter
Weakness
– Stock is trading at 3.90 times its book value
– has a low return on equity of 11.06% for last 3 years.
Competition
– The industry trades at a mean P/E of 11.5x. Alok Industries trades at the industry’s max P/E of 19.67x. 514280 trades at a P/E of 9.93x
– Industry’s mean G-Factor is 3.1 while the mean Piotski score is 8.0. 514280 has a G-Factor of 4 and Piotski scoreof 8.
– Average 1 month return for industry is 1.1%. The max 1- month return was given by Siyaram Silk: a return of 24.85 %
Quarterly Results
Sales for period ended Sep 2021 is Rs 16.89 cr compared to Rs 9.83 cr for period ended Sep 2020, a rise of 71.8%
Operating Profits reported at Rs 1.91 cr for period ended Sep 2021 vis-vis 0.96 for period ended Sep 2020 .
Operating Margins expanded 154.2 bps for period ended Sep 2021 vis-vis Sep 2020 .
The EPS for Sep 2021 was Rs 2.72 compared to Rs 0.95 for previous quarter ended Jun 2021 and Rs 1.27 for Sep 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 57.02 cr for period ended TTM vis-vis sales of Rs 38.96 cr for the period ended Mar 2021, a healthy growth of 31.7%. The 3 year sales cagr stood at 7.5%.
Operating margins expanded to 11.56% for period ended TTM vis-vis 11.42% for period ended Mar 2021, expansion of 14.0 bps.
Net Profit reported at Rs 3.59 cr for period ended TTM vis-vis sales of Rs 1.98 cr for the period ended Mar 2021, rising 44.8%.
Company recorded a healthy Net Profit CAGR of 45.3% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The company has improved its Return on Equity (RoE) metric. The RoE on Last Year basis was 29.0% compared to 11.0% over the last 3 Years. – The stock has given a return of 862% on a 1 Year basis vis-vis a return of 31% over the last 3 Years. – The compounded sales growth on a TTM bassis is 92% vis-vis a compounded sales growth of 9% over the last 3 Years. – The compounded profit growth on a TTM basis is 397% vis-vis a compounded profit growth of 88% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Sep 2021 public holding stood at 37.88% vis-vis 37.88% for Jun 2021
Conclusion
– is expected to give good quarter – Stock is trading at 3.90 times its book value
– has a low return on equity of 11.06% for last 3 years.
